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BBVA in 2013

Spain

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Highlights in 2013

  • Management in a complex environment.
  • Increases in market share of lending and customer funds.
  • Risk indicators reflect impact of classifying refinanced loans and deleveraging.
  • Moving towards normal conditions in terms of costs of risks.
  • Reinsurance agreement on the individual life and accident insurance portfolio.

Improved outlook

Income statement

(Million euros)

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Spain

2013 Δ% 2012 2011
Net interest income 3,830 (19.3) 4,748 4,248
Net fees and commissions 1,376 2.5 1,342 1,291
Net trading income 807 215.2 256 238
Other income/expenses 82 (74.2) 318 468
Gross income 6,095 (8.5) 6,665 6,246
Operating expenses (3,014) 4.4 (2,887) (2,837)
Personnel expenses (1,851) 3.1 (1,795) (1,781)
General and administrative expenses (1,052) 5.9 (993) (955)
Depreciation and amortization (111) 12.2 (99) (101)
Operating income 3,081 (18.4) 3,778 3,408
Impairment on financial assets (net) (2,577) 39.1 (1,853) (1,619)
Provisions (net) and other gains (losses) (282) 3.3 (273) (274)
Income before tax 222 (86.5) 1,652 1,515
Income tax (60) (87.8) (487) (438)
Net income from ongoing operations 163 (86.0) 1,165 1,077
Results from corporate operations 440 - - -
Net income 603 (48.3) 1,165 1,077
Non-controlling interests (20) n.m. (3) (2)
Net attributable profit 583 (49.8) 1,162 1,075
Balance sheet

(Million euros)

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Spain

31-12-13 Δ% 31-12-12 31-12-11
Cash and balances with central banks 11,389 6.1 10,736 12,321
Financial assets 99,483 (8.0) 108,190 88,816
Loans and receivables 189,558 (7.6) 205,163 204,675
Loans and advances to customers 173,047 (8.5) 189,065 190,906
Loans and advances to credit institutions and others 16,510 2.6 16,098 13,769
Inter-area positions 13,859 (24.7) 18,408 15,105
Tangible assets 781 (5.7) 828 909
Other assets 492 (75.9) 2,037 1,423
Total assets/Liabilities and equity 315,561 (8.6) 345,362 323,249
Deposits from central banks and credit institutions 57,562 (13.2) 66,321 52,158
Deposits from customers 157,466 8.5 145,164 146,054
Debt certificates 49,281 (28.3) 68,748 64,882
Subordinated liabilities 2,411 (31.7) 3,531 5,299
Inter-area positions - - - -
Financial liabilities held for trading 38,435 (20.6) 48,377 44,012
Other liabilities 814 (31.9) 1,195 2,086
Economic capital allocated 9,592 (20.2) 12,027 8,757
Relevant business indicators

(Million euros and percentage)

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Spain

31-12-13 31-12-12 31-12-11
Performing loans 165,813 184,697 187,339
Customer deposits under management (1) 147,782 133,802 109,160
Mutual funds 22,298 19,116 19,598
Pension funds 20,428 18,577 17,224
Efficiency ratio (%) 49.5 43.3 45.4
NPA ratio (%) 6.4 4.1 3.1
NPA coverage ratio (%) 41 48 51
Risk premium (%) 1.36 0.95 0.83
(1) Excluding repos. Including promissory notes sold by the retail network and collection accounts.
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